© Dukascopy Bank SA
- based on economies.com
Pair's Outlook
The common European currency fell below the first weekly support line at 112.93 on Thursday against the Japanese Yen, as the pair ended day's trading session at 112.67. In the first half of Friday's trading session, the currency exchange rate has moved slightly lower, as it is trading at 112.60, which is only seven pips lower. Daily aggregate technical indicators forecast a fall for the pair in the rest of the session.
Traders' Sentiment
Traders are more bullish on the pair, as 61% of open positions are long on Friday, compared to 54% yesterday. Meanwhile, orders have become bullish on Wednesday, as 51% of pending commands are long.
© Dukascopy Bank SA